Weekly USD Analysis

Commodity dollars Vs. USD Aud.Usd, Nzd.Usd and Usd.Cad continued to go sideways last week. Aud.Usd is going sideways in a flag on the daily as it slowly makes lower lows. This week look for more sideways movement with a potential to come down to S1 at around 1.0526 and if the bears are really aggressive towards S2 around 1.0378 area. On the upside (the more likely scenario) if the bulls take over and break towards the north they will be after the highs around 1.1070’s area. Similar picture

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